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Why does Tesla make you waive the right to buy at the end of your lease?

LNL_HUTZ

Member
Aug 3, 2020
299
233
San Francisco
I've been leasing cars for many years and this is the first time I've encountered a company that required me to give up the right to buy the car out in order to apply for a lease. It's not a big deal because I don't really expect to buy it at the end and I tend to keep my cars in plenty good enough shape to return without issues, but I can't figure out a reason for this. What am I missing?
 

cwerdna

Active Member
Jul 11, 2012
3,502
2,372
SF Bay Area, CA
Elon originally said the Model 3's would be for their robotaxi fleet. I doubt it'll be ready in time by the time the 1st Model 3 leases end.

There are some other vehicles that prohibited buyout at end of lease (e.g. Honda Fit EV and BMW ActiveE). For some, it's that the automaker doesn't want to support the car for longer than needed. The Fit EV was produced in limited quantities for the US (lease only in the US) and was strictly a CA/CARB compliance car. It was available only in a single color: blue.
 
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